California Home Prices Cool In September

DataQuick said Thursday that the median sales price for new and existing houses and condominiums was $355,000, up nearly 24 percent from the same period last year. It was the 10th straight month of annual percentage gains above 20 percent, but the median fell by $6,000 from August.

There were more than 36,000 homes sold in the state, up nearly 6 percent from a year earlier. It's the highest September sales tally since 2009.

The California Association of Realtors says there was a 3.6-month supply of unsold single-family homes in the state last month, up from 3.1 months in August.